$FNMA #FANNIEGATE
18-00371-0001 CSS, LLC, filed a lawsuit against the government in the U.S. Court of Federal Claims last week, and a copy of the complaint is attached to this e-mail message. Akanthos is represented by the same team of Jones Day lawyers representing Owl Creek, Appaloosa and Akanthos. CSS acquired nearly $16 million of junior preferred stock following conservatorship and prior to the Net Worth Sweep. Because this case is related to the other cases complaining about the Net Worth Sweep, it's been assigned to Judge Sweeney.
Akanthos Opportunity Master Fund, L.P., filed a lawsuit against the government in the U.S. Court of Federal Claims last week, and a copy of the complaint is attached to this e-mail message. Akanthos is represented by the same team of Jones Day lawyers representing Owl Creek and Appaloosa. Akanthos owned more than $137 million of junior preferred stock as of Aug. 16, 2016. Because this case is related to the other cases complaining about the Net Worth Sweep, it's been assigned to Judge Sweeney. 18-00369-0001
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Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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Read moreDisclaimer: This blog post reflects the author's personal opinions at the time of writing and is not financial, investment, or legal advice. Glen Bradford holds positions in securities discussed on this site. Past performance is not indicative of future results. Do your own research and consult qualified professionals before making investment decisions. Some content on this site was generated or edited with AI assistance.